What is Honghua Group Earnings Yield (Joel Greenblatt) %?
Honghua Group's Enterprise Value for the quarter that ended in Dec. 2023 was HK$5,251 Mil.
Honghua Group's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-214 Mil. Honghua Group's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was -4.07%.
The historical rank and industry rank for Honghua Group's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
HKSE:00196'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -9.37 Med: 5.24 Max: 15.95
Current: -4.36
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Honghua Group was 15.95%. The lowest was -9.37%. And the median was 5.24%.
HKSE:00196's Earnings Yield (Joel Greenblatt) % is ranked worse than 74.5% of 1098
companies
in the Oil & Gas industry
Industry Median: 6.035
vs HKSE:00196: -4.36
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
A better indicator of the attractiveness of an investment which takes growth into account is the Forward Rate of Return (Yacktman) %. Honghua Group's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 was 0.00%. The Forward Rate of Return uses the normalized Free Cash Flow of the past seven years, and considers growth. The forward rate of return can be thought of as the return that investors buying the stock today can expect from it in the future.
Honghua Group Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Honghua Group's Earnings Yield (Joel Greenblatt) % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
* Premium members only.
Honghua Group Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Honghua Group's Earnings Yield (Joel Greenblatt) %
For the Oil & Gas Equipment & Services subindustry, Honghua Group's Earnings Yield (Joel Greenblatt) %, along with its competitors' market caps and Earnings Yield (Joel Greenblatt) % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Honghua Group's Earnings Yield (Joel Greenblatt) % Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Honghua Group's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Honghua Group's Earnings Yield (Joel Greenblatt) % falls into.
Honghua Group Earnings Yield (Joel Greenblatt) % Calculation
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
Honghua Groups Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
For company reported semi-annually or annually, GuruFocus only calculate annual data for Earnings Yield (Joel Greenblatt) and apply the annual figure to corresponding quarter.
Honghua Group (HKSE:00196) Earnings Yield (Joel Greenblatt) % Explanation
Joel Greenblatt defines the earnings yield using the above equation because it more accurately reflects the company's profitability relative to its stock price. Items like interest payment and tax etc. are not directly related to the company's operational profitability.
Enterprise Value instead of market cap (share price) is used in the calculation because it is the real price stock and bond investors together pay for the company.
Be Aware
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
Honghua Group Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Honghua Group's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Honghua Group Ltd is engaged in manufacturing drilling rigs, oil and gas exploitation equipment, providing drilling services and fracturing. It manufactures conventional land drilling rigs, digital drilling rigs, accessories for drilling rigs, as well as the parts and components for the drilling rigs or the maintenance of the drilling rigs in operation. Its segments include Land drilling rigs; Parts and components and others; Drilling engineering services; and Fracturing. It derives a majority of revenue from Parts and components and others segment. Geographically it operates in the PRC, Americas, Middle East, Europe and Central Asia, South Asia and South East, and Africa, of which prime revenue is derived from the PRC.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
HKSE:00196 has been successfully added to your 